Earnings Expectations Lowered
By PhyCor, Citing Acquisitions

PhyCor Inc. lowered its earnings expectations for the third and the fourth quarter of 1998, citing weaker-than-expected results from recent physician-practice acquisitions.

The company said it also will take a larger-than-expected write-off stemming from problems meshing existing smaller practices and reduced its targets for earnings growth in 1999 to 15% from a July projection of between 20% and 25%. In April PhyCor projected 1999...